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Banking secrets: 3,600 accounts examined by tax department since 2001

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Belgium’s tax department has already issued 3,600 authorisations for the auditing of taxpayers’ bank accounts since banking secrecy was relaxed in Belgium in 2001, L’Echo and De Tijd reported on Wednesday. Thanks to measures adopted under the Leterme II caretaker government it is now easier to access the bank accounts of a taxpayer suspected of fraud. Since 2011, Belgium’s Inspection ... Read More »

3 Belgian shops made it to the top 50 best sandwiches in Europe

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Global travel site Big 7 Travel has put together a list of the 50 best sandwich spots in Europe of 2019 based on reader’s tips and feedback, and three Belgian shops made the cut. The highest scoring Belgian shop, in 30th place, is Pistolet Original (pictured), in Brussels. The shop makes pistolets, which are simple white bread rolls, and offers ... Read More »

Belgium prepares to implement igaming ad ban

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Belgium’s licensed igaming operators are facing a number of significant restrictions on how they may advertise their offerings, with a package of controls approved in October 2018 coming into force this Saturday (June 1). From June 1, online gaming operators will no longer be permitted to advertise their offerings on Belgian television. This covers A+ and B+ gaming licence holders, ... Read More »

Belgium Begins Accepting Personal Income Tax Returns

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Belgium’s finance ministry confirmed that the Tax-on-web portal has been opened for personal and corporate income tax returns for the 2019 fiscal year. Announcing the launch of filing season, the ministry set out all the relevant changes for this year’s returns in a presentation available on its website. The following deadlines apply for resident individuals: Deadline for the return of ... Read More »

Brussels policemen arrested in large-scale vehicle fraud operation

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Three Brussels police officers were arrested in connection to a massive operation against a car-theft gang conducted throughout Belgium last week, federal law enforcement authorities confirmed. Two of the agents are still being questioned, while an arrest warrant has been issued for the third, the Brussels Federal Prosecutors Office confirmed to La Capital. One officer belongs to the local police ... Read More »

Belgium exports sand to the Middle East

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Everyone knows that little Belgians are the champion of sandcastles, but few people know that in its quarry in Mettet, near Charleroi, Sibelco exploits “the Rolls-Royce of track sand for horseracing tracks around the world, including those in Qatar and Dubai”. Although the Middle East is not exactly lacking in sand, the quality cannot compare with that of the sand ... Read More »

Belgian tax evader eyes Dublin student flats plan

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Didier De Witte, a Belgian millionaire who was this year sentenced to prison for a €1m-plus tax dodge, is behind plans for a 319-bed student accommodation scheme in Dublin. The former chief financial officer of the Cork-based Ditchley Group, Greg McGinn, is acting as an agent for the businessman’s company in Ireland. Speaking to the Irish Independent, Mr McGinn conceded ... Read More »

Former Belgian commissioner De Gucht loses appeal against tax ruling

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Karel De Gucht, former federal minister and European commissioner, has lost a legal battle with the tax authorities over what they claimed was tax evasion. The tribunal of first instance in Ghent was ruling on a dispute between De Gucht and his wife Mireille Schreurs on one side, and the tax authorities on the other. De Gucht had claimed tax ... Read More »

Belgian economy fires upBelgian economy fires up

Belgian economy fires up (2)

Unit labour costs have reduced during the last two years. Belgium is described as a “strong innovator” and the balance of trade in goods was positive for the first time in seven years. This positive news emerges from the fourth edition of the Dashboard for the Belgian Economy which was published today (Wednesday) by the FPS Economy. The FPS Economy ... Read More »

Belgium tells companies to halt exports to UK after March 29

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Belgium’s customs authority is advising companies that export to the UK to halt shipments after Brexit day to avoid customs chaos in the event of a no-deal scenario. Kristian Vanderwaeren, chief executive of Belgian customs, called for a “Brexitpauze” after 29 March and said firms should do as much of their exporting as they can before new controls have to ... Read More »

Need to demystify India for our investors: Belgian Minister

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Belgian Minister for Digital Agenda, Telecom and Postal Services Philippe De Backer is all for efforts to help demystify India to investors from Belgium, more importantly in the context of the changing geopolitical situation. “We have to look at India. Try to understand what’s going on, what the differences are… many of [the] Belgian companies don’t know. Demystification of India ... Read More »

LNG tankers heading to Britain, Belgium and the Netherlands

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The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks. Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below. Some tankers heading for Belgium and Britain may be loading at the terminal. Those expected to load are indicated with ... Read More »

Missing Rubens sketch goes for $1.4 mn at auction

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A lost sketch by Flemish Baroque master Peter Paul Rubens was sold at auction on Sunday for $1.46 million (1.3 million euros) after being rediscovered due to an inheritance, French auctioneers said. The work which depicts Saint Margaret dressed in a red and white dress holding a cross in her hand and crushing a dragon dates from 1620, according to ... Read More »

Belgian economy fires up

Belgian economy fires up (1)

Unit labour costs have reduced during the last two years. Belgium is described as a “strong innovator” and the balance of trade in goods was positive for the first time in seven years. This positive news emerges from the fourth edition of the Dashboard for the Belgian Economy which was published today (Wednesday) by the FPS Economy. The FPS Economy ... Read More »

Flanders sets aside 75 million for new climate measures

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The Flemish government has earmarked 75 million euros for new measures in favour of climate, the minister-president Geert Bourgeois (N-VA) said. These funds are in addition to those committed under the Flemish climate-energy plan. The largest budgets announced are allocated to energy renovation of social housing (20 million euros) and school buildings (15 million). Read More »

Belgium’s governing bodies fail again to agree on 5G licenses

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Belgium’s Consultative Committee has failed once again to reach agreement on the granting of 5G licenses, Telecoms Minister Philippe De Backer said on Wednesday morning. Speaking just after Wednesday’s meeting of the Committee, made up of representatives of the Federal Government and the governments of Belgium’s communities and regions, a visibly disappointed De Backer described the lack of agreement as ... Read More »

Skeyes social tension disrupts flights to Brussels Airport

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Skeyes Air traffic controllers will continue with their strike action on Monday, ACV/CSC Transcom (Christian Democrat union) announced. Most delays are expected on incoming flights between 8 am and 4 pm. Departures from Brussels Airport will not be affected, but flights coming into Zaventem will be disrupted “without enough staff to ensure full capacity,” a spokesperson said. Liège airport traffic ... Read More »

Pigeon fetches record €1.25 million at Belgian auction

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Two Chinese fanciers battled it out in an online auction to buy the star racer, smashing the previous record of €376,000 ($425,000). New interest from Asian markets in recent years has given the flagging practice a lift. Belgium’s best long-distance racing pigeon, Armando, was the subject of a bidding war between two anonymous Chinese buyers, putting enthusiasts into a spin. ... Read More »

Belgian economy fires up

Belgian economy fires up

Unit labour costs have reduced during the last two years. Belgium is described as a “strong innovator” and the balance of trade in goods was positive for the first time in seven years. This positive news emerges from the fourth edition of the Dashboard for the Belgian Economy which was published today (Wednesday) by the FPS Economy. The FPS Economy ... Read More »

Belgium advises its companies stop exporting to UK around Brexit date

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Belgian companies are being advised to avoid exporting to the UK after the 29 March scheduled Brexit date to avoid the chaos of a possible no-deal. They say any firms who can should implement a ‘Brexitpauze’ and try to get their material into the country before Brexit date. Kristian Vanderwaeren, chief executive of Belgian customs, also told Belgian business newspaper ... Read More »